Robot and IT stocks swing as Jensen Huang’s Korea visit nears, major robotics stocks 150% gain
As Jensen Huang’s visit to Korea nears, major robotics stocks have risen more than 150% this year, according to data. During the same period, some major IT stocks showed mixed trends amid profit-taking and labor issues.
Nvidia’s Jensen Huang is set to visit Korea soon. The news prompted an immediate reaction from related stocks in the domestic stock market. Stock movements varied by company, with both gains and declines.
Major robotics stocks have risen more than 150% since the beginning of this year. Robotics is classified as an industry that has recently gained prominence alongside AI and semiconductors. The figure is based on recently compiled market data.
Some investors moved to take profits. As a result, the share prices of LG, Naver and Doosan plunged temporarily. The sharp declines were reported in connection with short-term changes in supply and demand.
Naver saw its stock price rise amid issues related to NVIDIA. Kakao, by contrast, saw its stock price fall as an internal workers' strike issue overlapped. The two stocks showed a difference in temperature in the direction of their price movements.
In poll tallies, ChatGPT was identified as the artificial intelligence service used most by South Koreans, while Naver was identified as the leading search service, respectively, 1at the top. These results are figures compiled from user responses. Related usage patterns were reflected to some extent in market interest and investor sentiment.
Some of Naver's long-term shareholders expected changes following Jensen Huang's visit to South Korea. Overall, trading in related stocks was observed to become more active. However, market reactions were mixed as gains and losses varied by stock.